It's a level not seen since George W. Bush was president.Wall Street forecaster Jim Bianco is predicting the benchmark 10-year Treasury note yield will hit 5.5% this year — its highest level since May 2001.A major part of his thesis is built on the economy's strength and resiliency."I don't think...
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Here’s what you should do if you win the $760 million Powerball jackpot
mphillips007 | iStock Unreleased | Getty ImagesAssemble a team of financial expertsTypically, lottery winners "don't have the knowledge base to handle this large sum of money," said Andrew Stoltmann, a Chicago-based lawyer who has represented several lottery winners. "It's very similar to what we see with our professional athlete clients."That's...
From FedEx to airlines, companies are starting to lose their pricing power
A FedEx worker delivers packages in New York, May 9, 2022.Andrew Kelly | ReutersAfter years of unbridled consumer spending on everything from home improvement to dream vacations, some companies are now finding the limits of their pricing power.Shipping giant FedEx last week said customers have shied away from speedier, pricier...
Investor Michael Farr is back with his top 10 stocks he’s buying for 2024, and the tilt is defensive
Traders work on the floor of the New York Stock Exchange (NYSE) on the first day back since the Christmas holiday on December 26, 2023 in New York City. Spencer Platt | Getty Images News | Getty ImagesIn each of the past 16 Decembers I have selected and invested personally in...
AI boom fails to propel China’s cloud market growth
An AI sign is seen at the World Artificial Intelligence Conference in Shanghai on July 6, 2023.Aly Song | ReutersBEIJING — Excitement over artificial intelligence isn't yet fueling a boom in cloud services spending in mainland China."The Chinese cloud services market remains conservative, relying heavily on government and state-owned enterprises...